He, Sarah, and Matt should each pay in $10 to fund my lottery experiment. At the beginning of the month, each contributor would write down just how much money they expected me to win (or lose) over the course of 1 month, and at the end of that month, the person guessing the amount closest to the actual winnings would then win all the money. And I would get the pure and complete pleasure of purchasing and scratching-off tickets every day for an entire month! (And with any luck, Matt would win the cash and I would get to share the winnings.) Ideally, there will actually be money to win at the end of the month. I'm ridiculously optimistic and suggested that Matt guess $325 or higher. Nate is very mathematical about it and was closely considering the odds involved. I think his guess will be approximately $3.50. Sarah is a wildcard. For emphasis, I had each of them write their guess down on a piece of paper and seal it in an envelope, which I am keeping in our freezer until the end of the month. (Gets them thinking about all that "cold, hard cash" they could win 30 days from now.)
There are some basic rules:
I purchase 1 lottery ticket each day.
I play that ticket until it is finished. For example, if I scratch off my card only to win another ticket, I immediately trade it in for a second ticket, and so on, until I either leave with cash or nothing at all. If I win cash, I take it home and stick it in a jar, not to be touched until the end of the month when the grand total is revealed and all that cold, hard cash is doled out to that lucky someone.
That's about it. Very straight forward. Can't wait to watch the cash come flowing in.
Total Spent: $2
Total Won: $0